Legal Question in Banking Law in

under section 138 NI Act what is limitation start for filing of the case is

within one month or after expiry of 15 days after one month.

Ex:-

notice served on the accused is 10-09-2010

15 days grace period for payment 25-09-2010

filing complainant within one month starts from 25-09-2010 or 10-09-2010 and give opinion

and also furnish decision to me


Asked on 9/15/10, 8:44 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

section 138 is clear on this. Notice served on 10th Sept. 15 days period expires 25th sept. therefore cause of action will arise on 26th Sept. and one month period will be counted from 26th Sept and limitation expires 25th October.

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Answered on 9/18/10, 10:51 am


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